Matt Gaetz Net Worth: Lawmaker's Parents Among America's Ultra Rich 1%

Florida Rep. Matt Gaetz has been making headlines for months amid a Justice Department probe into whether he had a sexual relationship with a minor — an allegation that he has since denied. Here's how much the politician and his family are worth as of 2021.

The Republican congressman, who has been serving as the representative for Florida’s 1st congressional district since 2017, reported assets of $235,000 to $625,000 on his most recent Congressional disclosure form, Forbes reported.

According to his disclosure, Gaetz owns several undeveloped lots in Florida worth between $19,000 and $110,000 and has retirement accounts worth between $65,000 and $150,000. The biggest chunk of his wealth comes from his $100,000 to $250,000 stake in the senior home care company, CareGivers.

As a representative, Gaetz receives an annual salary of $174,000.

However, his reported assets pale in comparison to those of his parents, Don and Victoria Gaetz, who have a net worth of $29.6 million as of June 2020. This is according to the financial disclosure form Don submitted as an appointed board member of Florida nonprofit Triumph Gulf Coast.

Due to this, Gaetz's family is believed to have a combined net worth of around $30 million, according to Forbes' estimate.

Don, a former Florida Senate president, co-founded the hospice provider Vitas Healthcare, which was sold to Cincinnati plumbing business Roto-Rooter for $406 million in 2004.

The wealth of Gaetz's parents is tied in publicly traded stocks worth almost $3 million in total, stakes in three private companies worth $4.6 million as well as 13 real estate properties, according to Don's disclosure.

The elder Gaetz claimed in the document that his real estate investments are worth $14.6 million. They include six coastal homes on Florida’s panhandle, a New York City apartment, lots in four different states and a stake in a Pensacola office building, according to the disclosure.

In addition, Don has $6.8 million in cash stashed in various accounts, as per his disclosure. The couple also owns a 2013 Mercedes-Benz S550 and “antiques, imported rugs, furniture and books” estimated to be worth $375,000 collectively, the outlet said.

One of the couple's properties, a Santa Rosa Beach, Florida, home they bought in 1991 for $125,000, was featured in 1998's "The Truman Show." In the film, it was the home of Truman Burbank (Jim Carrey) and Meryl Burbank (Laura Linney), according to Celebrity Net Worth.

Meanwhile, Gaetz and Georgia Rep. Marjorie Taylor Greene were pranked by comedian Walter Masterson during a California meet and greet over the weekend. Masterson, who is wearing an American flag-patterned shirt, shorts, shoes and bucket hat, posed for a photo with Gaetz and Greene.

In a clip that’s been shared widely on Twitter, Masterson said, “Oh my God, I’m so excited! I’m so excited! I mean, everyone thinks you’re crazy, I don’t think you’re crazy. People think you’re a pedophile, I don’t think you’re a pedophile at all. I don’t think he’s a pedophile at all,” the San Francisco Chronicle reported.

Gaetz is currently under investigation over accusations that he took part in a sex trafficking scheme that involved a 17-year-old girl as well as whether he took steps to obstruct the federal investigation. The congressman has denied all accusations and has not been accused of a crime.